To ‘Protect’ Workers, World Bank Calls for Eliminating Minimum Wage, Giving Employers More Power

To 'Protect' Workers, World Bank Calls for Eliminating Minimum Wage, Giving Employers More Power

"Burdensome regulations also make it more expensive for firms to rearrange their workforce to accommodate changing technologies," the report noted.

In a major blow to labor rights, the World Bank in its annual flagship report, World Development Report, has called for the credit-states or "poor countries" to have fewer workers’ regulations, like eliminating a requirement for minimum wage, allowing the employers to fire workers without cause, and repealing laws limiting abusive employment contract terms.

The World Bank Report makes urgent policy recommendations to governments, and in its working draft it raised concerns over the growing use of artificial intelligence, […]

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